Bito

@kroyrunner Hey Tim! I was just wondering what were some of the best ways to think about slippage. I’ve seen your DVD’s and your pretty spot on with your covers or sells at your risk. I hope my question isn’t too confusing but I was just shorting $SURF this morning risking off of R/G and it almost reached R/G by .05 so I threw in a cover order for 51 shares at 5.95, got filled instantly, and then it never hit R/G and cracked like I wanted. Granted it was only 51 shares but I’m starting to feel anticipating the risk level being hit by putting an order in is not a good idea. So what are your thoughts on accounting for slippage should it look more like putting an order in as soon as it hits your risk or right after it hits and should I expect to change my mentality with bigger size? I do figure float, share count, and market cap would be factors so the bigger these are the more you can judge smartly how its acting around your risk level and the smaller they are the more aggressive you want to be with your covers or sells.

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kroyrunner
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kroyrunner May 23, 2:22 PM

@Bito i usually put my order in right as my risk level breaks, a few cents above that level. it's not about avoidnig slippage for me, it's more accepting that there will be a little and perhaps sizing a hair smaller knowing that fact

Bito
Bito May 23, 4:47 PM

@kroyrunner Thank you again for all your wisdom and all that you do for the trading community!

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mitch20

@kroyrunner Hi Tim , apologies for the noob question i am currently creating spreadsheets to track data , i have watched trading tickers and used tradetheticker.blog spread sheet example and found both very helpful. I have split the tickers into separate categories including : market,volume , market cap , float then split them into good , medium and bad day ones. This has however left me with over 100 spread sheets and will take over 2 years to fill each one with 100 tickers. Would you say this is to extensive or worth the time ? Thankyou for the great lessons in the chat !

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kroyrunner
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kroyrunner Apr 23, 10:50 PM

@mitch20 I think you're splitting your categories far too severely if it leaves you with that many sheets. What I do is I track all these things on ONE sheet per setup, and then I can sort/filter by column to see if any of the variables I'm tracking actually make the play more/less likely to succeed

black_M87
black_M87 Apr 30, 10:00 PM

Hi Tim, your DVDs are great; thank you for explaining your ideas and thought processes in detail, I've found it really helpful in developing my own ideas and strategies. Do you still use Equityfeed (now called Scanz)? What do you use to record your trades? Will there be a sequel to Trading Tickers? Thanks.

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kroyrunner

[TimChallenge] as of today i am never again answering what my target is since the answer is ALWAYS "i don't have a target"

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kroyrunner

[TimChallenge] trading is all about having 2 things guys, strong conviction (whatever your reason may be) that the move will go in your favor, and a clear risk level to use in case you're wrong. it's not about calling it right every time. just have a plan and stick to it and if you're wrong more often than not then you need to examine the edge you think you have and reassess

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Mikeb132

@kroyrunner Hey Tim, in one of your videos you talked about a course for Google Spreadsheet and I remember you said it was expenive but often on a deal. I don't remember which video it was but i would like to buy it so I can start tracking trade and setup. Thank you !

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Hoji

@kroyrunner Hey Tim! Just wanted to ask a question and I would much appreciate your time. I know that your favorite set up is Multi-day or month breakout. I am struggling to find stocks that are multi day breakout and gap up for a few days. Whenever I find a stock that gaps up or spikes, but the next day it gas down. I just wanted to know what strategies do you use to find stocks that have great potential to break multi days or month instead of having one day up and down the next day. Also, when you use multi-day break out strategy, do you buy to hold it for days or do you short it on that day after it is down. Thank you in advance!

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gill488d

@kroyrunner Hi Tim, I just finished watching your Trading Tickers DVD and I wanted to really start tracking promoters to subscribe to as many of them as possible. Unfortunately, some of the sites that you gave to find them are not free and I cannot allow my self to have more monthly expenses right now as all my money goes into the challenge and the mandatory tools. Other sites don't seem to be active anymore ass well as @ThePUMPtracker that you told us to follow on Twitter. Can you please provide a quick update on sites that are still active, free and that work best for finding these promoters. Thanks a lot in advance!

nura__nura
nura__nura Apr 18, 5:55 AM

Tim doesn't use the stock promoter strategy anymore. Most promoters are garbage. This is why nobody in the recent years recommend the stock promoter strategy anymore

pennymavros
pennymavros Apr 29, 7:10 AM

@gill488d you have asked the same question I have been asking myself but unfortunately know one has been able to help me out with this yet.

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Bito

@kroyrunner Hey Tim, I did a private IM but I haven't ever received a message back from anyone that way lol so I thought I'd post here just in case. I asked about dollar volume the other day in chat, but I think I'm confused as to how that can be used as an indicator to help choose stocks. Why is it important to have good dollar volume in the stocks we ( or at least the ones you pick for instance you say you like a minimum of 3M) trade? Thank you!

kroyrunner
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kroyrunner Apr 09, 9:42 PM

@Bito $ volume is better than volume, because it helps give a better picture of liquidity dependent on the price of the stock. for example, a stock that is $1 and trades 10 million shares is far more liquid than a stock that is $0.01 and trades 10 million shares. So $ volume helps solve that problem and ensure that everything I scan for will truly have good liquidity regardless of price

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ChanceStearns

@kroyrunner What's a good indicator to you that a setup isn't working right now? As someone who's not consistent, it's hard to differentiate between whether or not it's a setup that's not working or just my skill (or lack thereof).

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ChanceStearns
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ChanceStearns Jun 25, 19 11:20 AM

For example, I remember you traded the DCAR breakout a few months back, but then I stopped noticing them working. But that's the only one that I've seen in awhile. How do you know which one is going to be "the one" that works? (That stock didn't even have news that day, it was just hype about UBER and LYFT going public)

kroyrunner
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kroyrunner Jul 01, 19 1:45 PM

@ChanceStearns most important thing is having VERY clearly defined rules for your setup, when you should buy, when you should sell, etc. If you are constantly executing your plan perfectly but losing, it's a setup problem. If you aren't follwing your plans, it's a "you" problem

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kfay171

@kroyrunner Sorry to keep bothering you... Quick question. When using multiple accounts do you switch trading platforms to place the trade? Or do you enter the order online? For example, I use Etrade pro, if they have no shares to borrow and I use another broker lets say TD Ameritrade would you switch platforms, run them both, or enter the order on the website?

kroyrunner
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kroyrunner Jun 04, 19 5:00 PM

@kfay171 my main trading setup has multiple monitors, so i can keep many different trading platforms open at all times. so i guess i'd say i'm running all available platforms at all times so i can quickly switch between

bahamastrader123
bahamastrader123 Apr 04, 12:42 AM

I think it's time for trading ticker II bro ... you already at 10mil .. you must have some new stuff to show us

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